Benchmark Electronics Inc

bench.com

What Do They Do?

Builds complex electronic and precision-machined products and provides design and engineering services to OEMs in aerospace and defense, medical and industrial, and advanced computing, communications and semiconductor equipment markets.

How Do They Make Money?

It bills customers for manufactured products built to their specifications, usually as work progresses or when completed products ship; design and engineering services are billed as they are performed.

revenue

Segment	Share	Revenue
Americas	46% FY2022: 51%
Asia	44% FY2022: 43%
Europe	13% FY2022: 9.8%

Who Are Their Customers?

The company sells primarily through a direct sales force organized by market sector, with engineering, operations and executive teams involved; most customers have master supply agreements governing design and manufacturing.

Do Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.

Operating income, FY2025

3% of revenue

▼ −30% vs FY2024 ($109.4M, 4%)

Net income, FY2025

1% of revenue

▼ −59% vs FY2024 ($61.1M, 2%)

Free cash flow, FY2025

3% of revenue

▼ −44% vs FY2024 ($157.9M, 6%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +19%; vs $680.7M in Q3 FY2025
Net income: ▲ +20%; vs $14.3M in Q3 FY2025

Americas share of revenue vs 45.4% in Q3 FY2025

Jul 29, 2026 Raised fiscal 2026 revenue guidance to $3 billion The company said it expected approximately 13% revenue growth for fiscal 2026.

Growing. Revenue grew 18% in 4 years, from $2.3B in FY2021 to $2.7B in FY2025, about 4% a year.

Revenue over time

Americas Asia Europe

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Celestica, Flex, Jabil, Kimball Electronics, Plexus, and Sanmina

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